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> If you have a lot of money in places like China and Russia or if you have money from graft, it could all be taken away quickly. I don't think people from Rus
by chaostheory 5y ago
> If you have a lot of money in places like China and Russia or if you have money from graft, it could all be taken away quickly.
I don't think people from Russia or China can do this anymore. At least the Russians can no longer do it in the West. As for the mainland Chinese, the CCP has blocked capital flight and they have even blocked cryptocurrency. This happened two years ago ie. unless they already got their money out of China two years earlier, they can't buy anything in Canada
EDIT it happened three years ago and not two years
https://www.scmp.com/economy/china-economy/article/3012312/chinas-capital-outflow-controls-have-gone-extreme-former https://www.scmp.com/economy/china-economy/article/3012312/c...